South China’s Guangxi Zhuang Autonomous Region is expected to produce around 5.8 million metric tons (tonnes) of sugar in the crop year of 2015-16. Nong Guang, chairman of the sugar association in South China’s Guangxi Zhuang Autonomous Region, noted that the continuous decreases in sugar price have discouraged the farmers…Full Article: Xinhua Finance Nov 2015
- From the 2014/2015 to 2015/2016 season, the area of sugarcane production in Guangxi decreased by 100,000 ha to 800,000 ha.
- In 2015, Chinese sugar imports spiked owing to cheaper prices on the international market (vs. domestic prices). A large of amount of these imports were held in bonded warehouses for failing to register and pay duties. As of late 2015, China reportedly had 500,000 MTs to 800,000 MTs of sugar in bonded warehouses waiting for customs duties to be paid.
- In 2014, China introduced a new registration system that required sugar importers that don’t qualify for the low import tariff quota to secure permits before their sugar clears customs. China was hoping to cap 2015 sugar imports at 3.8 million MTs.
- In 2013, China produced 128.2 million MTs of sugarcane crops (unprocessed sugarcane). Guangxi produced 81 million MTs of approximately 63% of the country’s total output.
- In China, sugarcane production is centered in the southern regions, whereas beetroot production primarily occurs in the north. In 2011, Guangxi province produced 72 million MTs of sugarcane or 64% of China’s total output. Neighboring Yunnan and Guangdong provinces produced 18.9 million MTs (17%) and 13.9 million MTs (12%), respectively.